trust

The Discrectionary Trust

A general discretionary trust may suit you if you have identified a particular group of people you want to benefit but are unsure which of them, in the future, will need help or in what proportions. For example, as a grandparent you might like to set aside capital for your grandchildren – including those who […]

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Hybrid Trusts

Hybrid trusts are the result of modern trust drafting. They are written to give the trustees all the powers of a discretionary trust as described above to appoint income or capital to any one or more of a class of individuals. However, the trust deed states that, until the trustees exercise their power of appointment, […]

trust

A Charitable Trust

You may be inclined, or are expected, to make regular donations to charity or you may have a particular interest in some worthy cause. Rather than make payments out of taxed income or a legacy to a national charity over which you have no control, you could create your own family charity either in your […]

tax

Taxation

In your lifetime you can create a trust into which you can place chosen assets, which you no longer need yourself. This reduces your own wealth and thus your exposure to inheritance tax – or maybe even wealth tax should that become a reality. By creating a discretionary trust in your Will for the benefit […]